S&P 500 Short round #2Thanks to the PPT for the deadcat, first short filled last Tuesday, having more bigger size in case it wants to try another push.
I'm not going to retype what I've did in the update earlier today, for some reason, almost none of you get the updates via notification.
I'm adding the dxy below as a reference point where it might redistribute in case the indices get the next leg down and the vix for your timing.
I'm looking for longs on the vix and still waiting for that damn tesla dip to buy which never seem to come (higher timeframe reference).
Gold might go up a little bit, but it's near resistance and still in the bear market and the worst performer in 4 years. If you wanna get scammed by not using your brains but going with hopium feelings, be my guest and be that gold hodler when those smarter guys are selling their inventory to you. We're here to trade and if you're an investor, you're better of buying asset classes and even retail estate in other parts of the world that aren't as big in a bubble or farmland and have a bigger hedge in the USD than gold or crypto (cash is still king and that won't disappear anytime soon - The doomsday sayers need to get more pragmatic and realistic in their approaches as we're in a time where it's way more unlikely to have another world war or face massive starvation, despite the growing population, the output per human has increased significantly at a lower cost basis even inflation adjusted), those are my opinions and not financial advice, you take responsibility and full ownership for your own trades. Dumb money = hodlers, hopioids, joe fomos and all kinds of funds (be it hedge, mutual or pension) pumping our bags and panic selling near support.
That being said, I can be wrong and it's going for another ATH again (very unlikely), but the CBS and FRED statistics don't lie regarding the QE vs fed rates and the failed experiment since 2008, so my view on the market won't change, especially when I'm cognitive about those subject since I was a little kid.
Some facts:
Amazon: +338%
Dow Jones: +41%
Nasdaq: +74%
Gold: +9%
Silver: -7%
Good luck traders.
